Using Trailing Stops to Protect Profits.

[zoxak]

"

it is not necessary to use the stop-loss with following quit but if you like to and you know how to system them both then it is up to you to use them effectively for me i use only stop-loss because it is very simple to set and change, if you think that you can create benefit from them both you have the option to use them.

"

[xsday]

"

Trailing stop is a good tool for traders to use in forex trading, i think it best in helping traders to control emotion in trading, it can make traders lower their greed in trading when they use this tool to set up take profit .

"

[zxiny]

"

set a stop loss and trailing stop in trading is something that must be... set a stop loss is a way to make a profit... triking loss and is used to protect the gains we have...

"

[amrz]

"

Once I have a trading plan, I follow it. I do not doubt or second-guess my plan. I meditate on my plan and picture myself carrying it out successfully, before I ever enter a trade. I really believe in mental imaging as being an important activity.

"

[zxgV]

"

if you want to keep the benefits of trading you are doing, then the use of trailing stop is a good choice, but the trailing stop only works if you keep opening your trding platform that is connected to the Internet network you use. other alternative is to manually place a stop loss at a positive position after prices moved more than 15 pips in the direction of the open trading.

"

[cxiola]

"

we could say trailing stop is like stop loss but its difarant with stop loss.but if we there for talk about tralling stop then the stoped loss value changeing in auto if there price move in our trader direction if price move in your trader oppsite too our trade then the value is fixed.for the online marketin.

"

[xlmzx]

"

I do not use a trailing stop. If the trade is good then let it run. However, you can decide to use a trailing stop with large intervals especially if you are a swing trader. Large intervals of 100, will be good to use in your trailing stop so that you will be ale to make a minim profits of 100.

"

[ghoxahf]

"

Trailing stop is good but not verygood for both profit our profit and prevent huge losses in forex trading. In my oppinion, traders should use this tool like a part in their trading strategy for take advantages its benifit

"

[zxgogV]

i like use stop loss.. because stoploss can modif if u no need big loss.. if trailing stop that has range example 15 pips then that will use range 15 pips to lock your profit then locking on 15 pips again.. so i prefer use stoploss to trade

[zidaa]

"

It is very good strategy that you use the stop trailing when you see that you have earned enough profit and now the market is going down then you can use this strategy to save profit...

"